Retailer to Close Up to 1,100 Stores After Posting Disappointing Holiday Sales

By

Ben Fox Rubin

Updated March 5, 2014 9:35 a.m. ET

RadioShack Corp. said it will offer up to $1.5 million in retention bonuses to its top executives, in an effort to maintain its leadership through a difficult turnaround.

The deals were unveiled a day after the struggling electronics retailer said it will close as many as 1,100 U.S. stores, one out of every four that it operates itself, after a sharp drop in sales over the holidays.